Schwab Reports Monthly Activity Highlights

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SCHW

SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Activity Report
today. Company highlights for the month of January 2018 include:

Core net new assets brought to the company by new and existing clients
in January 2018 totaled $18.7 billion, which excludes an outflow of
$7.2 billion from a mutual fund clearing services client. Net new
assets excluding all mutual fund clearing flows totaled $17.7 billion.

Total client assets were a record $3.48 trillion as of month-end
January, up 23% from January 2017 and up 4% compared to December 2017.

New brokerage accounts totaled 165,000 in January 2018, up 49% from
January 2017, representing the highest month since 2000.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of
financial services, with more than 345 offices and 10.9 million active
brokerage accounts, 1.6 million corporate retirement plan participants,
1.2 million banking accounts, and $3.48 trillion in client assets as of
January 31, 2018. Through its operating subsidiaries, the company
provides a full range of wealth management, securities brokerage,
banking, money management, custody, and financial advisory services to
individual investors and independent investment advisors. Its
broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org),
and affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds; financial
planning and investment advice; retirement plan and equity compensation
plan services; referrals to independent fee-based investment advisors;
and custodial, operational and trading support for independent,
fee-based investment advisors through Schwab Advisor Services. Its
banking subsidiary, Charles Schwab Bank (member FDIC and an Equal
Housing Lender), provides banking and lending services and products.
More information is available at www.schwab.com
and www.aboutschwab.com.

The Charles Schwab Corporation Monthly Activity Report For
January 2018

2017

2018

Change

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Mo.

Yr.

Market Indices

(at month end)

Dow Jones Industrial Average

19,864

20,812

20,663

20,941

21,009

21,350

21,891

21,948

22,405

23,377

24,272

24,719

26,149

6

%

32

%

Nasdaq Composite

5,615

5,825

5,912

6,048

6,199

6,140

6,348

6,429

6,496

6,728

6,874

6,903

7,411

7

%

32

%

Standard & Poor’s 500

2,279

2,364

2,363

2,384

2,412

2,423

2,470

2,472

2,519

2,575

2,648

2,674

2,824

6

%

24

%

Client Assets

(in billions of dollars)

Beginning Client Assets

2,779.5

2,831.3

2,895.2

2,922.5

2,948.8

2,995.8

3,040.6

3,099.9

3,122.3

3,181.2

3,256.5

3,318.8

3,361.8

Net New Assets (1)

11.1

6.6

21.2

2.8

24.0

37.7

15.8

18.0

17.8

35.4

15.7

27.0

11.5

(57

%)

4

%

Net Market Gains

40.7

57.3

6.1

23.5

23.0

7.1

43.5

4.4

41.1

39.9

46.6

16.0

107.2

Total Client Assets (at month end)

2,831.3

2,895.2

2,922.5

2,948.8

2,995.8

3,040.6

3,099.9

3,122.3

3,181.2

3,256.5

3,318.8

3,361.8

3,480.5

4

%

23

%

Receiving Ongoing Advisory Services

(at month end)

Investor Services

220.8

227.9

230.9

234.4

239.1

242.2

247.2

249.9

255.0

259.8

265.1

268.7

278.6

4

%

26

%

Advisor Services (2)

1,208.4

1,239.0

1,250.9

1,262.7

1,283.4

1,297.6

1,323.8

1,333.1

1,358.6

1,382.6

1,410.8

1,431.1

1,483.7

4

%

23

%

Client Accounts

(at month end, in thousands)

Active Brokerage Accounts (3)

10,198

10,254

10,320

10,386

10,439

10,487

10,477

10,525

10,565

10,603

10,671

10,755

10,858

1

%

6

%

Banking Accounts

1,109

1,117

1,120

1,128

1,138

1,143

1,154

1,167

1,176

1,181

1,192

1,197

1,210

1

%

9

%

Corporate Retirement Plan Participants

1,543

1,534

1,545

1,543

1,541

1,540

1,540

1,550

1,552

1,556

1,564

1,568

1,580

1

%

2

%

Client Activity

New Brokerage Accounts (in thousands)

111

113

138

125

115

117

107

123

106

117

122

147

165

12

%

49

%

Inbound Calls (in thousands)

1,817

1,787

2,111

1,788

1,727

1,736

1,683

1,823

1,709

1,988

1,804

2,046

2,303

13

%

27

%

Web Logins (in thousands)

40,047

40,717

45,441

39,750

44,024

43,790

42,236

47,290

39,639

51,454

50,583

54,486

64,488

18

%

61

%

Client Cash as a Percentage of Client Assets (4)

12.7

%

12.4

%

12.4

%

12.1

%

11.8

%

11.5

%

11.3

%

11.4

%

11.1

%

10.9

%

10.8

%

10.8

%

10.4

%

(40) bp

(230) bp

Mutual Fund and Exchange-Traded Fund

Net Buys (Sells)(5, 6)

(in millions of dollars)

Large Capitalization Stock

265

580

(125

)

346

134

(63

)

(95

)

(1,683

)

(138

)

(51

)

85

1,023

496

Small / Mid Capitalization Stock

1,364

673

(409

)

(797

)

(285

)

(322

)

(139

)

(293

)

45

378

(144

)

274

(125

)

International

1,296

1,633

1,703

2,410

3,610

3,631

2,675

1,705

1,549

1,913

2,627

1,852

4,306

Specialized

411

1,007

273

570

529

647

236

279

465

655

58

424

1,569

Hybrid

(53

)

258

563

92

65

(340

)

142

(272

)

460

(118

)

(263

)

307

978

Taxable Bond

3,144

3,535

3,876

2,060

3,618

3,499

3,064

3,481

3,809

3,466

2,389

2,561

3,284

Tax-Free Bond

864

472

300

155

290

507

453

715

494

452

371

341

1,247

Net Buy (Sell) Activity

(in millions of dollars)

Mutual Funds (5)

2,522

4,005

2,368

1,116

3,837

2,980

3,201

1,048

3,002

2,401

882

775

4,843

Exchange-Traded Funds (6)

4,769

4,153

3,813

3,720

4,124

4,579

3,135

2,884

3,682

4,294

4,241

6,007

6,912

Money Market Funds

(1,761

)

(181

)

1,218

(4,434

)

(1,167

)

(1,260

)

1,022

2,105

(374

)

213

1,166

2,968

(5,730

)

Average Interest-Earning Assets (7)

(in millions of dollars)

216,001

216,112

218,554

217,407

215,252

214,709

212,108

214,458

216,472

219,658

223,292

228,540

234,619

3

%

9

%

(1)

January 2018 includes an outflow of $7.2 billion from a mutual fund
clearing services client. October 2017 includes an inflow of $16.2
billion from a mutual fund clearing services client. June 2017
includes an inflow of $15.6 billion

from a mutual fund clearing services client. February 2017 includes
an outflow of $9.0 billion from a mutual fund clearing services
client.

(2)

Excludes Retirement Business Services.

(3)

Periodically, the Company reviews its active account base. In July
2017, active brokerage accounts were reduced by approximately 48,000
as a result of low-balance closures.